re: when to enter
The figures I have for the drilling costs are $1m+ for WA286P and $2m+ for TP/15 (taken from ROC announcement 7-Feb, NWE paying 5% and 20%).
Last quarterly report had cash in the bank at $1.137m with expected outflows for the current quarter at $0.148m, leaving $0.989m.
So they need to raise $3m+ drilling costs minus $0.989 cash at end of current quarter, plus what ever they burn between now and drilling, plus whatever they will need after drilling has finished = $3m+.
Hmmm, not so small after all!
Coaster
NWE Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
